Asia Pacific ETP AUM lost USD2.9bn amid bearish equity markets

Thu, 19/07/2012 - 06:04

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Assets under management of Asia Pacific exchange-traded products decreased by USD2.9bn and ended at USD111.3bn last week, according to Deutsche Bank.

On a year-to-date basis, Asia-Pacific ETP market is up by USD19.8bn or 21.7 per cent above last year’s closing.

Asia-Pacific ETP turnover totalled USD5.9bn for last week, 30.7 per cent up from the previous week’s total.

South Korea continued to be on top of the turnover ranking with USD2.7bn, followed by China (USD1.5bn), Hong Kong (USD0.9bn), Japan (USD0.5bn), and Australia (USD0.1bn).

Among equity ETFs, emerging country, leveraged strategy, short strategy, and Asia Pacific developed country ETFs had total turnover of USD2.7bn, USD1.3bn, USD0.8bn, and USD0.7bn respectively. Under the commodity asset class, turnover in gold ETPs totalled USD69m for the last week.

Last week, Great Wall Securities made its debut with an equity ETF listing on Shanghai Stock Exchange tracking the SSE180 Index.